DSPANZ provided a submission on the Employment Relations (Protection for KiwiSaver Members) Amendment Bill on 30 October 2023.
In this submission we sought clarification to allow employers sufficient time to prepare for changes to employment agreements and to make the necessary adjustments to payroll configurations to accommodate this potential change. More specifically, we raised the following:
- Clarification on whether total remuneration arrangements, in which an employer negotiates that KiwiSaver Employer Contributions will form part of an employee's remuneration, will no longer be allowed.
- If the Bill impacts total remuneration arrangements, further clarification on whether this applies to existing employment agreements or only future agreements.
- The term "other matters" is unclear, creating ambiguity that could include existing total remuneration agreements.
Access a full copy of this submission here.